MARINE ASSET MANAGEMENT LIMITED
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Next accounts due
2026-08-31 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2026-11-08 (in 6mo)
Last made up 2025-10-25
Watchouts
None on the register
Cash
£695K
Latest balance sheet
Net assets
£6M
highest in 5 filed years
Employees
34
Average over period
Profit before tax
£722K
Period ending 2024-11-30
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-11-30
| Metric | Trend | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £30,784,601 | £26,616,862 | |
| Operating profit | — | — | — | — | £2,209,894 | £1,231,294 | |
| Profit before tax | — | — | — | — | £1,379,661 | £722,306 | |
| Net profit | — | — | — | £35,501 | £1,103,158 | £528,857 | |
| Cash | £21,518 | £854,866 | £167,746 | £20,402 | £389,025 | £694,987 | |
| Total assets less current liabilities | £3,718,992 | — | — | — | £16,999,101 | £16,549,048 | |
| Net assets | £2,573,783 | — | £2,510,137 | £2,266,278 | £5,802,706 | £6,331,563 | |
| Equity | £2,573,783 | — | — | £2,266,278 | £5,802,706 | £6,331,563 | |
| Average employees | — | — | 3 | 3 | 38 | 34 | |
| Wages | — | — | £32,926 | £31,461 | £3,069,628 | £2,359,865 | |
| Directors' remuneration | — | — | — | — | £36,000 | £8,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-11-30 vs 2023-11-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.2% | 4.6% | |
| Net margin | — | — | — | — | 3.6% | 2.0% | |
| Return on capital employed | — | — | — | — | 13.0% | 7.4% | |
| Current ratio | — | — | — | — | 1.63x | 1.42x | |
| Interest cover | — | — | — | — | 2.66x | 2.42x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- MARINE ASSET MANAGEMENT LIMITED 2009-07-08 → present
- EVENT & CONFERENCE SOLUTIONS LIMITED 2006-11-21 → 2009-07-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Westcotts (SW) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern.”
Group structure
- MARINE ASSET MANAGEMENT LIMITED · parent
- Keynvor Morlift Limited 100%
- Fairhaven Shipping Company (UK) Limited 100%
Significant events
- “The group's gross profit margin has reduced to 13% (2023: 22%) as a result of growing vessel costs, partly due to global cost increases.”
- “The day to day operations of the group give rise to potential health and safety, maritime, and environmental risks.”
- “The group's principal operational uncertainties include global economic factors creating inflationary pressures on the supply side, as well as, potentially, reducing demand.”
- “The group is also reliant upon commercial lenders for borrowing and therefore is subject to price risk from movements in interest rates.”
- “The directors are confident that the group is in a strong position as it enters the coming year. The directors remain very positive as they continue their focus on reducing costs, whilst striving to expand the group's operations and revenues in the coming financial year, including by planned geographical expansion and fleet acquisitions.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLOVER, Anthony Charles | Director | 2007-12-01 | Mar 1976 | English |
| ROGERS, Diccon Stideford | Director | 2007-12-01 | Oct 1976 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TAYLOR, Matthew Edward | Secretary | 2006-11-21 | 2007-12-01 |
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 2006-11-21 | 2006-11-21 |
| BREALEY, Karen Tracey | Director | 2006-11-21 | 2007-12-01 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 2006-11-21 | 2006-11-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Anthony Charles Glover | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mr Diccon Stideford Rogers | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 99 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | AA | accounts | Accounts with accounts type group | |
| 2026-01-24 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-20 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-07-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-09 | AA | accounts | Accounts with accounts type group | |
| 2024-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-22 | CH01 | officers | Change person director company with change date | |
| 2024-10-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-09 | AUD | auditors | Auditors resignation company | |
| 2024-02-09 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-26 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-08-25 | AA | accounts | Accounts with accounts type group | |
| 2023-08-01 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-03-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-28 | CH01 | officers | Change person director company with change date | |
| 2022-11-30 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.